The real driver of the next bull market might not be BTC. Most people are fixated on whether BTC will hit new highs, but what’s truly worth paying attention to is where the money is flowing. Every major market rally doesn’t start with price movements—it begins with improved liquidity, followed by capital flowing into risk assets, and finally, prices reflecting those changes. So, what I’m focusing on daily now is: • Stablecoin Supply • ETF Net Flow • Treasury Yield • On-chain Liquidity Price tells you what’s happening in the market. Capital tells you what might happen next. In the coming years, I’d rather spend time studying capital flows than chasing market sentiment.